Hewlett-Packard Co.

Here's a depressing statistic: Last year, U.S. companies spent a whopping $598 billion — not to develop new technologies, open new markets or to hire new workers but to buy up their own shares. By removing shares from circulation, companies made remaining shares pricier, thus creating the impression of a healthier business without the risks of actual business activity. Share buybacks aren't illegal, and, to be fair, they make sense when companies truly don't have something better to reinvest their profits in. But U.S. companies do have something better: They could be reinvesting in the U.S. economy in ways that spur growth and generate jobs. The fact that...

Related "Hewlett-Packard Co." Articles

Here's a depressing statistic: Last year, U.S. companies spent a whopping $598 billion — not to develop new technologies, open new markets or to hire new workers but to buy up their own shares. By removing shares from circulation, companies made remaining...

The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high.Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low....

Apple Inc. has finalized its $3-billion deal for Beats, adding a lineup of headphones, speakers and streaming music service to its core products of iPhones, iPads and Macs.
The Cupertino, Calif., company confirmed the completion with an announcement...

Microsoft Corp.'s new chief executive has signaled a new era for the company with a heavy finger on the delete key, erasing 18,000 jobs — 14% of the workforce.
Six months into the job, CEO Satya Nadella is targeting a red-tape culture that has rested...

Microsoft Corp. said it will eliminate as many as 18,000 jobs, the largest round of cuts in its history, as Chief Executive Officer Satya Nadella integrates Nokia Oyj's handset unit and slims down the software maker.
The restructuring, amounting to about...

Ralph Whitworth, the activist investor who served as interim chairman of Hewlett-Packard Co., resigned from the computer maker's board and is taking a leave from his money management firm Relational Investors to focus on his health.
Hewlett-Packard...

The Presbyterian General Assembly’s decision to protest Israeli policies by divesting stock in three major companies has triggered condemnations and congratulations, with the Israeli Embassy calling the resolution “shameful.”By a seven-vote margin, the...

The General Assembly of the Presbyterian Church USA voted to sell its stock in three major companies Friday night in protest of Israeli policies in Palestinian-controlled lands.
During its national meeting, the general assembly narrowly voted to divest...

Start-up entrepreneurs are used to pitching their ideas to investors and big-name companies, hoping somebody will give them a break.
But the tables were turned recently at SwitchPitch, a role-reversal tech event where start-ups gathered to hear proposals...

Hewlett-Packard Co. said Thursday that it is cutting 11,000 to 16,000 more jobs, above a target of 34,000 the company outlined in a multiyear restructuring plan in May 2012, and offered an outlook that was below expectations.
The Palo Alto company said...

Major U.S. stock indexes mounted a solid comeback Wednesday, recovering their losses from the prior day and finishing on track for a weekly gain. It was the Dow Jones industrial average's biggest gain in five weeks. In the absence of any major new...

Is Microsoft actually beating its high-tech competitors? That could be the hidden message in the presentation by Cisco Systems Chairman and CEO John Chambers at a company conference this week.
Chambers, striding into the audience of current and...

The week seemed to start off on a triumphant note for hot Silicon Valley start-up Dropbox. The company held a media event Wednesday to unveil a slew of new applications designed to demonstrate its expanding vision as it marches closer to an anticipated...

Hewlett-Packard will pay the U.S. government $108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland. The SEC says an HP division in Russia paid $2 million to make sure the company retained a contract...

WASHINGTON — Sen. Carl Levin, saying it was "long past time" to ensure that multinational U.S. corporations pay taxes on their overseas profits, took Caterpillar Inc. to task for an offshore strategy that helped the company avoid $2.4 billion in...

In a sharply worded letter released Wednesday, Mike Lynch, former chief executive of Autonomy, has accused Hewlett-Packard of misleading shareholders about the accounting problems it claimed to have uncovered at the British company it...

NATIONAL HARBOR, Md.--I took the Al Cardenas Challenge … and won!
Cardenas, an attorney and former head of the Florida GOP. is the chairman of the American Conservative Union, which sponsors CPAC.
On Friday, he was asked why women were so badly...

WASHINGTON — The Army will shrink to its lowest troop levels since before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon from the wartime buildup of the last 13 years, and calls for retiring...

IPod. IPad. IStamp?
Steve Jobs, the late cofounder and chief executive of Apple, is among several pop culture figures who will be featured on U.S. postage stamps over the next few years.
The stamp for Jobs, who led Apple during its creation and then...